Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “outperform” rating reissued by Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $128.00 target price on the stock.
Several other analysts have also issued reports on the company. Jefferies Group restated a “buy” rating and issued a $140.00 price objective on shares of Willis Towers Watson PLC in a research note on Tuesday, September 20th. Credit Suisse Group AG set a $108.00 price objective on Willis Towers Watson PLC and gave the company a “hold” rating in a research note on Monday, September 12th. Citigroup Inc. dropped their price objective on Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Deutsche Bank AG restated a “hold” rating and issued a $122.00 price objective on shares of Willis Towers Watson PLC in a research note on Tuesday, June 28th. Finally, Langen Mcalenn lowered Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Willis Towers Watson PLC presently has a consensus rating of “Buy” and a consensus target price of $123.00.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.00 on Friday. The company has a market cap of $17.67 billion, a P/E ratio of 32.86 and a beta of 0.83. The company’s 50 day moving average price is $124.06 and its 200 day moving average price is $123.40. Willis Towers Watson PLC has a 52-week low of $104.11 and a 52-week high of $129.76.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The business’s quarterly revenue was up 114.2% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is presently 53.25%.
In other Willis Towers Watson PLC news, insider Nicolas Aubert sold 3,149 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total transaction of $398,820.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total value of $47,580.00. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WLTW. Vanguard Group Inc. boosted its stake in Willis Towers Watson PLC by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,609,419 shares of the company’s stock valued at $1,443,168,000 after buying an additional 327,656 shares during the last quarter. ValueAct Holdings L.P. boosted its stake in Willis Towers Watson PLC by 5.6% in the second quarter. ValueAct Holdings L.P. now owns 8,108,015 shares of the company’s stock valued at $1,007,907,000 after buying an additional 428,000 shares during the last quarter. State Street Corp boosted its stake in Willis Towers Watson PLC by 153.3% in the first quarter. State Street Corp now owns 5,083,063 shares of the company’s stock valued at $603,161,000 after buying an additional 3,076,597 shares during the last quarter. Longview Partners Guernsey LTD acquired a new stake in Willis Towers Watson PLC during the second quarter valued at $631,334,000. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Willis Towers Watson PLC during the second quarter worth approximately $327,982,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.
About Willis Towers Watson PLC
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.
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